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. president obama seems very conflicted about what to do, and i'm not sure i can really blame him, but more and more cities and states are blaming obama care for cutting their government worker jobs and work hours. this ill-advised health care law is likely to cut more private sector jobs than the budget-cutting sequester. all of that and more coming up on "the kudlow report" coming up right now. ♪ ♪ ♪ >>> first up tonight's speaker of the house john boehner says republicans will not shut down the government over obama care. cnbc's john harwood has that story for us. good evening, john. >> reporter: congress returns in just over two weeks to a huge fight over government spending and debt. with no agreement in sight between the white house and congressional republicans, both sides are trying to prepare the ground for the battle and the economic bus tour president obama today tried to rally public opinion against a possibility of a government shutdown aimed at his health care law. most recently there's been threats that we would shut down the government unless we agreed to roll back the
as we are a day closer to a potential show down with syria. a few hours ago, president obama sat down for an interview with pbs news hour and said he has not made a decision on syria. let's watch. >> again, i have not made a decision. i think it is important that if, in fact, we make a choice to have repercussions for the use of chemical weapons then the assad regime which is involved in a civil uh war, trying to protect itself, will have received a pretty strong signal that, in fact, it better not do it again. and that doesn't solve all the problems inside of syria. you know, it obviously doesn't end the death of innocent sieve yan -- civilians inside syria. we hope political transition can take place. we are prepared to work with anybody -- the russians and others -- to try to bring the parties together to resolve the conflict. but we want the assad regime to understand that by using chemical weapons on a large scale against their own people, against women, against infants, against children, that you are not only breaking international norms and standards of decency, but you are cre
as the nation's first black president spoke from the same spot dr. king did 50 years ago today. president obama paid tribute to the civil rights activist who's marched for change in the face of adversity. >> because they kept marching, america changed. because they marched the civil rights law was passed. because they marched a voting rights law was signed. because they marched doors of opportunity and education swung open so their daughters and sons could finally imagine a life for themselves beyond washing somebody else's laundry or shining somebody else's shoes. because they marched, city councils changed and state legislatures changed and congress changed and yes, eventually the white house changed. because they marched, america became more free and more fair. not just for african-americans but for women and latinos. asians and native americans. for catholics, jews and muslims, for gays, for americans with disabilities, america changed for you and for me. and the entire world drew strength from that example. >> president obama highlighted the remarkable progress our country has made because
to you vote for president obama twice. >> i voted for the president twice. first, i didn't think the economic plans put forward by the campaign in 2008 or 2012 were suited for the times we're n so i had an economic reason to do that. secondly, i became a republican officially in 1995, after i decided not to run. and i have voted previously seven times for republican candidate. i have spoken at the 1996 convention, the 2000 convention. i worked for reagan and nixon as a white house fellow. i think credentials are fine. but in several years i have been troubled by the right shift of the republican party too far right. i have said this on a number of occasions. so in 2008 i found that as an american best choins choice was senator obama and then, now, president obama reelected. >> bill: here is what perplexes me. you're an analytical man. would you say is that correct? president obama's economic plan doesn't work among african americans when you voted for him, 12.7 unemployment. december, 2012 a mow after you voted for him again, 14% unemployment, up, okay? income, $32,000 compared t
for a crews missile strike. president obama is down playing intervention without a mandated from the u.n. mystery soft. we now know where samantha power was when there was an emergency u.n. meeting. she was on a personal trip to ireland. power missing that meeting just 19 days after she assumed the post. also new this morning, grammy winning singer linda ryanstat is revealing she has been dealing with parkinson's disease ♪ always breaks my hart in two. >> recent interview with the arp the 67-year-old music legend says she was diagnosed 8 months ago has been experiencing symptoms for as long as 8 years. ron stat says that the neurological disorder has left her unable to sing and she must now travel using a wheelchair. army major nidal hasan found guilty on all counts in the fort hood shooting rampage. he sat stone faced as that verdict was read. sentencing will begin on monday. hasan faces the death penalty for killing 13 people and injuring 30 others when he opened fire nearly 30 years ago. all 14 jurors must vote for execution or he will get life in prison. if you write a letter to
morning. >> reporter: the obama administration not only strongly condemning the violence but calling for restraint and calling for the interim government to respect the rights of the people there. josh earnest saying that the u.s. will continue to hold the egyptian government accountable for the promise they made to speed up the transition to a democratical democratically elected government. but what's missing in all of this is what then? we do know there have been a lot of conversations between u.s. egyptian officials. but still more than a billion dollars in aid continues to flow from the united states to egypt. the white house saying that that aid is under review. one other point is that the white house still will not call what happened in egypt a cue. officials saying it's been determined that it's not in the best interest of united states to do so. a lot of tough talk from the obama administration, but no concrete steps on what will happen next. in the meantime, the president continues on his vacation here on martha's vineyard. no word on whether we'll hear from him in the comin
speeches in front of friendly audiences. mr. obama claims middle class progress. but the facts contradict the claims, on income, jobs, on health care costs. the middle class is losing ground and the pace of decline is speeding up. we have a full report. and on obamacare, the list of local governments switching to part-time workers is growing. and there are 38 days till those chaotic insurance exchanges. what on earth is going on at the nasdaq stock exchange. was the three-hour freeze just another computer glitch? steve ballmer out at microsoft and the stock takes off. ooh. "varney & company" is about to begin. you know throughout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. >> friday morning and breaking news for you, just crossing the wire. microsoft's chief steve ballmer will retire in the next few months until a successor is named. the stock is straight up. a
, president obama returns from vacation and plans to sit down with the leading financial market regulators today. opinions from both sides of the aisle next. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. >>> welcome back to "squawk box." president obama will be sitting down with the leading financial market regulators today to discuss their progress or lack of progress in implementing dodd/frank. joining us to talk about it, tony frato and jerod bernstein. hi, guys. >> hi, andrew. >> before we even go there, i have a joe question for jerod. i don't know if you heard u
obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at a continuing resolution of some kind that will buy more time. the debt ceiling is likely to be hit around october and november. have been reporting on this. he is looking at larry summers, his former economic advisor, as well as janet yellen. lori: funny you mention that. thank you, sir. charlie gasparino will join us to t
by obama just a couple days after the jackson hole meeting here. but there is uncertainty over fed policy. there's a certainty over leadership and economic growth. all those things loom large here. and will be spending the next couple of days trying to figure out if we can get some guidance over where the fed is going here. the absence of a definitive statement by the fed chairman will have to mean another time to happen, simon. >> this is of their own making. the problem with nailing your colors to the mass with forward guidance is it doesn't work if you don't know where you're going to guide people to. if you're split or indecisive. that surely, steve, is what is happening here. they raise the question of tapering. you get the interest rates rising. you feel the pain around the world. but when you actually get to tapering you're not sure if the growth is going to be strong enough because you're not really sure if the fed has the courage of conviction at all. the market will find it very difficult to rally on it. >> you know, i like that analysis, simon, because you're right. you hitch y
these stories come in and even though i feel like i attention, 3.8%. >> the obama administration and congress when the past obama care tended not to highlight the tax increases that the 4 obama care. and capital gains which is at 15%, obama moved it up to 20%. and 3.8%, and 24%, back to where it was before reagan came into office. and on capital gains taxes, and they were in dividends. 39.5%. and it was a tremendous assets, through dividends. and to 23.8%. than other investment income in chapter s corporations and other investments like that, 43.4%, 3.8. connell: in some ways. but probably in fairness to all of us, the so-called taxing the rich is what they were talking about during the debate. >> you make more than 200,000 you will be hit by this. connell: when they presented it there will be small tax increases to the, quote, rich and this is what it means. what the fact economically? >> anytime you tax you get additional incentive, lots of different things, it will reduce the amount of investment income people have. if you are investing getting capital gains and dividends and the governmen
'm gretchen carlson. thanks for spending part of it with us today. president obama giving president putin the cold shoulder to get back at him for harboring n.s.a. leaker edward snowden. is that the right call or wrong one? >>steve: a 13-year-old white boy brutally beaten by african-american teens. why are civil rights leaders like al sharpton and jesse jackson silent? we'll report, you decide. >> we have a winner. three winners actually. are you one of them. we'll tell you where the winning powerball tickets were sold which is on "fox & friends," and we begin right now. ♪ ♪ >>gretchen: i'm surprised you're at work today, steve. two tickets in jersey. you have to be one of them. >>steve: when i got up this morning and heard the news there were two in new jersey, i immediately pulled it out. ladies and gentlemen, i hold in my hand a losing ticket. there are also a whole bunch of million-dollar winners and some people won hundreds of dollars. so i'm going to be watching in a second because heather has the numbers and i could actually be a winner, a small winner, but a winner. >>gretchen
we're out there willy-nilly. >> reporter: that was president obama just days ago assuring the american public that the national security agency was not breaching the trust of its citizens. but a new report out today by "the washington post" may raise new concerns. after combing through the trove of documents leaked by former nsa analyst edward snowden "the post" reports the nsa has broken privacy rules thousands of times each year since 2008. "the post" says most of the incidents involved surveillance of americans and foreign intelligence targets on u.s. soil in ways that violate the program's rules. of those incidents, "the post" report most were unintended and many involved failures of due diligence or violations of standard operating procedure such as when an area code mixup caused the nsa to intercept a large number of calls from wrau washington, d.c., instead of egypt. the nsa response was quick. overnight the nsa released a statement, "nsa's foreign intelligence surveillance activities are continually audited and overseen internally and externally. when nsa makes a m
as great as it cleaned. that's why when it comes to clean, there's only one mr. >>> president obama canceled a face-to-face meeting with russian president vladimir putin over putin's position to grant asylum to nsa leaker edward snowden. my next guest said it's the right direction but can't undo five years the president spent remaking the image into one perceived around the globe as weak. fox news contributor linda chavez. thanks for joining us this morning. >> great to be with you. >> i think a lot of people voted for president obama in 2008 the first time with the sincere expectation his election would make america more popular around the globe. that hasn't happened. why? >> it hasn't happened. the president said he was going to remake america's image in the world. i think a lot of people thought because he did have a charismatic personality, certainly the president himself believes himself to be charismatic, he was going to be able to win more friends for america, that america would suddenly be beloved by all. what the president seems not to understand, what is most important in
over whether the u.s. keeps sending financial aid to that country and president obama giving no clear guidance either way and here is your monday morning obamacare headline. you know the navigators, costs 67 million to hire. they won't have to go through background checks. "varney & company" is about to begin. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. join us at projectluna.com >> the chaos in egypt escalating over the weekend and now nearly 900 dead people after four days of violence and among them 24 police officers executed by militants in execution style and more calls from lawmakers to cut off that 1.4 billion that the united states gives. and president obama not taking a stand either way and senator john mccain says the u.s. looks bad as a result. >> we have no credibility. we have influence, but when you don't use that influence then you do not have that influence, we could be cutting off the aid, the spare parts and m
's justice department and the obama administration have taken heat for the lack of high level prosecutions over the meltdown in 2008. there haven't been cases but the record is mixed. in 2009 two hedge understood managers beat fraud charges. that was a setback. better luck when a cup of traders pleaded guilty and a third this year. lots of action on the civil side. the new york attorney general working with the doj sued jpmorgan and sued bank of america and standard & poor's among others. we know there is a push from high up in the justice department to move other crisis cases along. no specifics from holder other than we're not done yet. >> you know, it's interesting, scott, that this stuff is just starting to bubble to the surface even though the 5-year statute of limitations is approaching. when i was looking at some of the bank quarterly filingses a couple weeks ago they did start to disclose the doj is investigating us for mortgage-backed security cases. almost every bank in the mortgage market disclosed that. when i talk to people they said that was because at the staff level the ban
, and how do you prevent that from an open-ended involvement in a war that clearly president obama and the united states military does not want to get involved with in a deep way. >> the public apparently has no appetite for any other conflict? russia immediately said, you know, don't -- you people don't need another adventure in the middle east like iraq and iran. obviously saying the same thing. it's really tough. it's really tough for the president to try to walk. >> reporter: it's more than tough. and you saw assad in an interview with a russian newspaper yesterday saying -- warning the united states that you get involved again, there's going to be a failure like all your interventions in the past. clearly the lessons of long and protracted wars have weighed heavily on the president. this is a president, after all, who got into politics, opposing the iraq war. says he doesn't oppose all war, but he opposes dumb wars, and it's pretty clear from his language and body language and the entire stance of the united states over the last several months that he believes it would be dumb
some numbers with it? >> that was like the perfect storm. you had obama fighting for the debt ceiling. you have the beginning of the love trade in india and the middle east. all of that demand was just massive. emerging markets have been slowing their overall growth. if we go back to a store and a fight in congress and we have a strong pickup in gdp and emerging markets, you can see gold trade to that level. on a price adjusted basis, gold would be at $2300. it is still attractive. tracy: you are absolutely flooring everyone who bought gold. you are getting everybody excited. frank holmes, thank you for making this bullish case on gold. we will see what happens. ashley: oil closing down. today had a loss of 2%. the second straight day back group has closed lower. rich edson traveling along with lawmakers in california. he joins us now with more on his exclusive interview. rich: there are significant differences. republican saying we do not want any more tax revenue. democrats say they want up to a trillion dollars more. we asked them, are they on the same page? >> we are both working
this is a conspiracy between me and president obama or i was soliciting money from people who had some affiliation with him. the documentary evidence is overwhelming. he committed fraud on an ongoing basis. he fleeced people who couldn't afford the money out of $40 million. maybe the most despicable thing his instructors told students, you have to raise your credit limits. call your credit card companies, get more credit if you want to succeed in real estate and folks used that increased limit to pay more money to trump and went further into debt. despicable scheme and he's going to pay for it now. >> any other name than trump, this story doesn't get any pick-up, nobody notices it. to those who say it's an opportunity for you to increase your public profile and that of your office, how do you respond? >> i'm responding to him. i mean he went in the newspapers on saturday and started talking about it. and making crazy accusations against me. so, we're not going to sit down and let him make fall accusations and lie what the case is about. this is a classic bait and switch scheme. you have to sent a
notes, you said a missile attack would only make president obama look weaker. why? >> if it's just a missile attack to signal open session to chemical weapons and assad goes ahead with future chemical weapons attacks, then that makes the u.s. look irrelevant. so it has to be strong enough to deter a future use, strong enough to send a signal not only to damascus but to iran that red lines, once they're made and, you know, we can discuss the wisdom of making a red line before you no ewhat you will do to enforce it, but once the red lean is out there, it's important not only in terms of the syrian crisis but in terms of the looming iran nuclear standoff. >> so what are you advocating exactly then? if missiles are not going to be strong enough, what would be? >> i think it has to be, well, the administration has boxed itself in on this attack. but this attack only makes sense if it's a part of a broader strategy to act sell rate the fall of assad, to strengthen moderate opposition groups within the opposition coalition, because it doesn't make sense to overthrow assad if al qaeda affi
. makes sense this morning you're here even though you slept in your clothes. the obama administration's car czar during the bailout. >> look at him. you should see it. it's wrinkled. he's the author of the book "overhaul, an insider's account of the obama administration's emergency rescue of the auto industry." actually steve stayed at a very nice hotel called the holedy inn express. it's cool. i like it nearby here. >> he doesn't know anything about saving the economy. >> it's close. >> he stayed at a holiday inn express. with us msnbc political analyst and former chairman of the republican national committee michael steele, msnbc contributor mike barnicle and host of "way too early," brian shactman. steve ratner, obviously we come inside the plant, it's so exciting to see all of these cars coming in. we're bringing jobs back to america from mexico. you talk about going in the right direction. you know, gm needed the government's help, a lot of other companies needed the government's help. you were critical in making that happen. my god, ford and the people in ford, they've been maki
's going on in egypt. we have not heard the obama administration come out and describe this, at least publicly as a coo. he did, the president, or members of the administration, then, i guess, by definition, if there's a coo in the country, you cut off the aid. you could do that behind the scenes and not call it that. it seems like there's something going on we don't know the details yet of. >> well, i think, you know, i think the administration's trying to, you know, split hairs here and try to have the cake and eat it too, and it's not working, clearly, the egyptian government is not listening to the united states, it's very clearly listens to its more influential gulf allies right now, and our leverage is very limited, but, you know, do we also stand by and watch the military government take egypt down, what i think is a dangerous path at this point. there's an idea that they can crush the muslim brotherhood and restore stability. that's not a recipe for long term staibt. dagen: what's the end game for us? >> well, the end game, i think we share an end game with the egyptian people
of obama care exchanges. in an interview last night, wisconsin governor scott walker warned employers can't afford the uncertainty of the affordable care act. >> we need certainty. the fact is, employers aren't seeing it. the political pressure they push back on the employer mandate, but there is incredible uncertainty about the so-called affordable care act. i visit the firms, the companies, small businesses, we don't know what is going to happen next. we're not going to take the risk, even though we have the potential to grow our economy, we have the customer base that wants us to produce more, we're reluctant to go over the 50 mark, the full-time rate. >> where does this all go next? >> for someone to say there is uncertainty in obama care, that is not the lead, obviously. you'll hear things like that from scott. the two aspects is one, yesterday, the president, up with of his hometown papers in chicago, the tribune said, bottom line, in an editorial, bottom line, let's delay and rewrite this ill conceived law, three years of attempting but failing to make this clumsy monstrosity work
this is proof that their people have been attacked by chemical weapons. does this mean team obama will have to put up or shut up because of the so-called red line? that story and more coming up on "kudlow." [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. i put in the hourswhere i am today by luck. and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consulta
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
to work. >> you pass laws that make it more expensive to hire like obama care or raise the minimum wage, that hurts young people dramatically. >> simple cause and effect for how it is happening. people at the high end are hogging more of the overall income, that's not simple enough to explain what is happening here. >> i wouldn't dissuade you of that view. we talk about minimum wage. you don't necessary necessarily think that's t think that's wait to go either. >> this is why the huffington post writes about you, from a negative. you do sound reasonable at times. >> i can't -- >> not all the time. no. not under any means, but okay. >> coming up, why the markets were so confused by yesterday's fed minutes. did you see the intraday chart from yesterday? up, down, all over the place, crazy. what you should expect in today's session. "squawk box" will be right back. i hav e low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it
that they've had a difficult time with their reputation for being obstinate as opposed to president obama. their reputation suffered in the 2011 debt crisis. they don't want to go through that again. so that's probably why we will avoid either a government shutdown or a debt default. >> we're back to reading some tea leaves definitely, john, ahead of those midterms. not too far away. thanks so much. our john harwood in washington. interesting point because it relates perfectly to the markets, to the economy, and to what the chairman says every time he's on the hill. >> he often blames congress and the fiscal drag for limiting growth right now in the economy, and what actually happens with the debt ceiling, what actually happens with the continuing resolution, we didn't think it would happen last time. you know, republicans, again, as john harwood just said, they don't want to go through it again, but it is still a significant risk to the economy and it's something the fed is considering as they decide when exactly to begin to pull back their stimulus. they don't want to have a situation w
to stop president obama reform plan. they said they should remember the political backlash the republicans suffered in 1995 and '96 because of the government shutdown. he says he is committed to stopping obamacare. we will be watching retailer aeropostale today. they say it expects another loss for the current quarter. it issals increasing the number of stores that it plans to close. all right. let's get back to the nasdaq. andrew. >> hey, thanks, michelle. i am joined by bob greifeld ceo of nasdaq omx. the man of the moment. we hope we can try to figure out what happened here. obviously, a lot of frustration. i don't need to tell you how much frustration. just explain, if you could, what exactly happened? i think most of us don't understand. >> sure. what happens is that we have a data feed which consolidates the trading for 13 exchanges. we do that for the industry. had a problem. as soon as we saw that had a problem, we had a fundamental concern. we few professional traders had access to individual data feeds, be you the traditional long investor, retail investor didn't have the same in
Search Results 0 to 31 of about 32 (some duplicates have been removed)